JPMorgan Chase & Co. Lowers Exxon Mobil (NYSE:XOM) Price Target to $125.00

Exxon Mobil (NYSE:XOM) had its target price dropped by equities researchers at JPMorgan Chase & Co. from $130.00 to $125.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the oil and gas company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 15.73% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. TD Cowen cut their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday. UBS Group cut their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Morgan Stanley decreased their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Redburn Atlantic restated a “neutral” rating and set a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Finally, Truist Financial decreased their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $129.68.

Exxon Mobil Stock Down 0.4 %

XOM opened at $108.01 on Monday. The stock has a market cap of $474.71 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 4.70 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The firm’s fifty day moving average is $118.23 and its 200 day moving average is $116.30. Exxon Mobil has a fifty-two week low of $95.77 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the previous year, the business earned $2.27 earnings per share. The business’s revenue was down .8% on a year-over-year basis. On average, sell-side analysts forecast that Exxon Mobil will post 7.95 earnings per share for the current fiscal year.

Institutional Trading of Exxon Mobil

A number of hedge funds have recently added to or reduced their stakes in XOM. Fairway Wealth LLC purchased a new position in Exxon Mobil during the second quarter valued at approximately $35,000. Anfield Capital Management LLC increased its holdings in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares during the period. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil in the 2nd quarter valued at $39,000. POM Investment Strategies LLC raised its position in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC purchased a new position in Exxon Mobil in the second quarter valued at about $46,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.